Zheping Huang / Bloomberg: Tencent reports Q1 revenue up 11% YoY to ~$21.8B, above estimates and the fastest growth in over a year, and net income up 10% YoY to ~$3.8B, below estimates  —  Tencent Holdings Ltd.’s earnings missed estimates despite the fastest pace of revenue growth in more than a year … Lees verder op Tech Meme

Jing Yang / Wall Street Journal: Sources: Shein raised $2B at a $66B valuation, down from $100B in April 2022, led by Sequoia, General Atlantic, and Mubadala; Shein made $23B in 2022 revenue  —  Online retailer made $800 million net profit in 2022 and is targeting 40% growth, but faces geopolitical headwinds and rising competition Lees verder op Tech Meme

Anna Tong / Reuters: A poll of 4,415 US adults finds that 61% believe AI could threaten civilization and 66%+ are concerned about negative effects; 70% of Trump voters are concerned  —  The swift growth of artificial intelligence technology could put the future of humanity at risk, according to most Americans surveyed … Lees verder op Tech Meme

Ingrid Lunden / TechCrunch: Entrepreneur Dean Drako raised $100M for video surveillance startup Eagle Eye Networks and $92M for smart lock startup Brivo from Japanese security giant SECOM  —  Eagle Eye Networks and Brivo, two players in the world of physical cloud security — respectively video surveillance … Lees verder op Tech Meme

Catherine Shu / TechCrunch: Singapore-based Bolttech, a B2B2C startup that offers “embedded” insurance products, raised a $196M Series B led by Japan’s Tokio Marine at a $1.6B valuation  —  Embedded insurtech is still hot, as the $196 million in funding landed by bolttech proves. Lees verder op Tech Meme